Aurizon Holdings Limited (OTCMKTS:QRNNF) Short Interest Down 59.2% in February

Aurizon Holdings Limited (OTCMKTS:QRNNF) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 227,411 shares, a decrease of 59.2% from the January 29th total of 557,115 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Aurizon Price Performance

Shares of OTCMKTS:QRNNF opened at $2.76 on Friday. The business’s 50-day moving average is $2.50 and its 200 day moving average is $2.26. Aurizon has a 1 year low of $2.76 and a 1 year high of $2.99.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Aurizon to a “neutral” rating and set a $3.80 price target on the stock. in a report on Monday, February 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.80.

Aurizon Company Profile

Aurizon Group Ltd, trading as OTCMKTS:QRNNF, is Australia’s leading rail freight operator, specialising in bulk commodity and intermodal logistics. Formed in 2010 through the privatisation of Queensland Rail’s freight business, the company commands an extensive network spanning the Central Queensland coal system and key corridors along the country’s east coast. Aurizon’s core services encompass coal haulage, iron ore and other bulk mineral transport, as well as agricultural and livestock logistics.

In addition to bulk freight, Aurizon offers intermodal solutions that connect major ports and urban centres, supporting the movement of containers and consumer goods.